AMETEK, Inc.

AME · NYSE · USD

Financials

Annual

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Valuation and market statistics · USD millions unless noted · ratios on the twelve months ending at each period

Line item	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Valuation
Market cap	$47,263	$41,696	$38,056	$32,087	$34,014	$27,976	$23,072	$15,661	$16,764	$11,242	$12,397	$12,888	$12,847	$9,074	$6,748	$6,244	$4,085	$3,208	$4,958	$3,338	$2,941	$2,419	$1,599	$1,267	$1,046	$833	$615	$731	$889	$726	$624	$707	$548	$715	$595	$417	$594	$567	$618	$577	$615
Enterprise value	$49,150	$43,646	$41,021	$34,303	$36,388	$29,222	$25,491	$17,939	$18,292	$12,867	$13,954	$14,225	$13,967	$10,369	$7,837	$7,243	$4,875	$4,228	$5,680	$3,962	$3,528	$2,820	$2,001	$1,635	$1,495	$1,138	$931	$1,020	$1,054	$905	$824	$901	$694	$863	$781	$579	$739	$608	$605	$562	$628
P/E (TTM) at period end	31.93×	30.30×	28.98×	27.67×	34.36×	32.07×	26.79×	20.13×	24.60×	21.95×	20.98×	22.05×	24.85×	19.76×	17.55×	21.99×	19.85×	12.99×	21.74×	18.35×	21.57×	22.19×	18.21×	15.13×	15.83×	12.15×	10.11×	17.54×	17.64×	14.18×	11.94×	22.79×	–	16.10×	15.66×	11.19×	15.51×	18.60×	15.00×	15.77×	17.63×
P/S (TTM) at period end	6.39×	6.01×	5.77×	5.22×	6.13×	6.16×	4.47×	3.23×	3.90×	2.93×	3.12×	3.20×	3.57×	2.72×	2.26×	2.53×	1.95×	1.27×	2.32×	1.83×	2.05×	1.96×	1.46×	1.22×	1.03×	0.81×	0.66×	0.79×	1.05×	0.91×	0.80×	0.87×	0.75×	0.93×	0.83×	0.63×	1.01×	1.09×	1.00×	1.02×	1.22×
P/B at period end	4.45×	4.32×	4.36×	4.29×	4.95×	4.70×	4.51×	3.69×	4.16×	3.45×	3.81×	3.98×	4.10×	3.58×	3.29×	3.52×	2.61×	2.49×	4.00×	3.45×	3.63×	3.67×	3.02×	3.01×	3.12×	2.97×	2.84×	4.20×	5.59×	5.61×	7.17×	9.65×	3.31×	3.40×	2.81×	2.09×	3.05×	3.14×	2.44×	2.50×	2.80×
EV / EBITDA (TTM)	21.07×	20.18×	20.06×	18.85×	22.73×	22.77×	18.06×	14.07×	16.83×	13.26×	13.20×	13.71×	14.96×	12.18×	10.85×	13.05×	11.30×	8.53×	12.93×	11.16×	12.93×	12.20×	10.41×	9.00×	9.58×	6.35×	5.88×	7.14×	8.45×	7.84×	7.40×	7.72×	19.28×	7.41×	7.60×	5.68×	8.65×	–	–	–	–
EV / Sales (TTM)	6.64×	6.29×	6.22×	5.58×	6.56×	6.44×	4.94×	3.70×	4.25×	3.35×	3.51×	3.54×	3.89×	3.11×	2.62×	2.93×	2.32×	1.67×	2.66×	2.18×	2.46×	2.29×	1.83×	1.57×	1.47×	1.11×	1.01×	1.10×	1.24×	1.13×	1.05×	1.12×	0.95×	1.12×	1.09×	0.88×	1.26×	1.17×	0.98×	0.99×	1.25×
Returns
Return on equity	13.9%	14.3%	15.0%	15.5%	14.4%	14.7%	16.8%	18.3%	16.9%	15.7%	18.2%	18.0%	16.5%	18.1%	18.7%	16.0%	13.1%	19.2%	18.4%	18.8%	16.8%	16.5%	16.6%	19.9%	19.7%	24.4%	28.1%	24.0%	31.7%	39.5%	60.0%	42.3%	(4.4%)	21.1%	18.0%	18.7%	19.7%	16.9%	16.3%	15.8%	15.9%
Return on invested capital	12.6%	12.7%	11.9%	12.6%	11.5%	11.5%	12.6%	13.0%	13.9%	12.0%	13.8%	14.3%	13.7%	13.5%	14.0%	12.1%	10.8%	12.6%	13.3%	13.3%	11.4%	12.1%	11.3%	12.7%	10.8%	14.8%	14.2%	14.5%	18.2%	17.4%	17.3%	18.7%	0.0%	14.7%	12.1%	12.5%	11.2%	15.2%	17.3%	13.4%	13.8%
Dividend yield	0.6%	0.6%	0.6%	0.6%	0.5%	0.6%	0.6%	0.8%	0.5%	0.7%	0.7%	0.6%	0.5%	0.6%	0.6%	0.5%	0.6%	0.8%	0.5%	0.6%	0.6%	0.7%	0.5%	0.6%	0.8%	0.9%	1.3%	1.1%	0.9%	1.1%	1.3%	1.3%	4.6%	4.2%	4.9%	6.8%	4.6%	–	–	–	–
Financial health
Current ratio	1.06×	1.24×	0.98×	1.62×	1.36×	2.34×	1.42×	1.46×	1.70×	2.09×	1.58×	1.69×	1.57×	1.32×	1.68×	1.77×	2.28×	2.13×	1.49×	1.42×	1.37×	1.69×	1.32×	1.34×	1.13×	1.02×	0.97×	1.15×	1.39×	1.38×	1.18×	1.39×	1.80×	2.32×	2.32×	2.39×	3.12×	3.36×	4.03×	3.60×	2.00×
Debt / equity	0.21×	0.22×	0.38×	0.32×	0.37×	0.41×	0.54×	0.62×	0.54×	0.72×	0.60×	0.53×	0.45×	0.57×	0.62×	0.66×	0.66×	0.86×	0.73×	0.71×	0.78×	0.68×	0.80×	0.93×	1.41×	1.14×	1.53×	1.75×	1.04×	1.41×	2.37×	2.76×	1.13×	0.98×	1.04×	1.24×	1.18×	0.87×	0.64×	0.68×	0.33×
Effective tax rate	17.7%	17.2%	18.3%	18.8%	19.1%	19.4%	19.5%	21.2%	14.5%	26.1%	26.7%	27.4%	28.7%	30.7%	30.9%	30.1%	30.2%	32.6%	32.2%	31.0%	31.2%	32.2%	32.5%	31.9%	21.6%	35.4%	35.7%	34.8%	35.7%	35.1%	37.0%	36.9%	34.8%	33.5%	27.5%	34.1%	36.9%	37.1%	36.9%	32.8%	43.4%
Share count
Diluted shares outstanding	231	232	232	232	233	231	229	233	232	234	242	247	246	244	243	241	243	242	242	240	238	232	226	227	226	220	222	228	228	224	229	287	290	297	295	296	297	294	296	298	294

StatisticsIncome statementBalance sheetCash flowDividendsSegments

Income statement · USD millions

Line item	TTM	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019	FY2018	FY2017	FY2016	FY2015	FY2014	FY2013	FY2012	FY2011	FY2010	FY2009	FY2008	FY2007	FY2006	FY2005	FY2004	FY2003	FY2002	FY2001	FY2000	FY1999	FY1998	FY1997	FY1996	FY1995	FY1994	FY1993	FY1992	FY1991	FY1990	FY1989	FY1988	FY1987	FY1986	FY1985
Revenue and gross profit
Revenue	$7,864	$7,401	$6,941	$6,597	$6,151	$5,547	$4,540	$5,159	$4,846	$4,300	$3,840	$3,974	$4,022	$3,594	$3,334	$2,990	$2,471	$2,098	$2,531	$2,137	$1,819	$1,434	$1,232	$1,092	$1,041	$1,019	$1,025	$925	$927	$848	$800	$782	$808	$732	$770	$715	$661	$588	$520	$620	$568	$503
Cost of revenue	($5,005)	($4,734)	($4,465)	($4,212)	($4,005)	($3,634)	($2,997)	($3,371)	($3,186)	($2,851)	($2,575)	($2,549)	($2,597)	($2,324)	($2,154)	($1,956)	($1,647)	($1,436)	($1,730)	($1,445)	($1,252)	($992)	($867)	($785)	($755)	($778)	($750)	($687)	($703)	($656)	($620)	($603)	($612)	($574)	($576)	($538)	($489)	($436)	($382)	($459)	($431)	($368)
Gross profit	$2,859	$2,667	$2,476	$2,384	$2,145	$1,913	$1,544	$1,788	$1,660	$1,449	$1,265	$1,425	$1,425	$1,270	$1,180	$1,034	$824	$662	$801	$692	$567	$443	$366	$306	$286	$241	$274	$238	$225	$192	$180	$179	$196	$158	$194	$177	$171	$152	$138	$161	$138	$135
Operating expenses
Research and development	–	($236)	($237)	($221)	($199)	($194)	($159)	($162)	($141)	($130)	($112)	($116)	($119)	($94)	($85)	($78)	($57)	($50)	($58)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Selling, general and administrative	($822)	($757)	($697)	($677)	($645)	($604)	($516)	($610)	($584)	($535)	($464)	($449)	($463)	($398)	($381)	($349)	($296)	($254)	($323)	($263)	($219)	($174)	($138)	($115)	($105)	($99)	($95)	($79)	($82)	($67)	($64)	($67)	($79)	($122)	($78)	($74)	($70)	($66)	($64)	($71)	($69)	($61)
Total operating expenses	($822)	($757)	($697)	($677)	($645)	($604)	($516)	($610)	($584)	($545)	($474)	($517)	($526)	($455)	($434)	($398)	($342)	($296)	($368)	($306)	($258)	($209)	($175)	($149)	($137)	($132)	($138)	($119)	($120)	($100)	($97)	($100)	($116)	($158)	($115)	($110)	($103)	($91)	($85)	($95)	($95)	($78)
Total costs and expenses	($5,827)	($5,491)	($5,162)	($4,889)	($4,650)	($4,238)	($3,512)	($3,981)	($3,770)	($3,397)	($3,049)	($3,067)	($3,123)	($2,779)	($2,588)	($2,354)	($1,989)	($1,732)	($2,098)	($1,750)	($1,510)	($1,201)	($1,041)	($935)	($892)	($910)	($889)	($806)	($823)	($756)	($717)	($703)	($729)	($732)	($690)	($649)	($592)	($528)	($467)	($554)	($526)	($446)
Operating income	$2,037	$1,910	$1,780	$1,707	$1,501	$1,309	$1,028	$1,177	$1,076	$904	$791	$908	$899	$815	$746	$636	$482	$366	$433	$387	$309	$233	$191	$157	$149	$110	$136	$119	$104	$92	$83	$79	$79	$0	$79	$66	$68	$60	$54	$66	$43	$57
Earnings
EBITDA	$2,457	$2,333	$2,162	$2,045	$1,820	$1,601	$1,283	$1,411	$1,275	$1,087	$971	$1,057	$1,037	$934	$851	$722	$555	$432	$496	$439	$355	$273	$231	$192	$182	$156	$179	$158	$143	$125	$116	$111	$117	$36	$116	$103	$102	$85	–	–	–	–
Interest income	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Interest expense	($96)	($81)	($113)	($82)	($83)	($80)	($86)	($88)	($82)	($98)	($94)	($92)	($80)	($74)	($75)	($70)	($68)	($69)	($64)	($47)	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–	–
Pre-tax income	$1,907	$1,798	$1,662	$1,606	$1,429	$1,223	$1,082	$1,070	$988	$797	$693	$806	$805	$725	$662	$557	$406	$295	$366	$336	$264	$198	$161	$130	$123	$84	$106	$94	$77	$78	$66	$59	$62	($11)	$67	$52	$57	$61	$56	$65	$54	$62
Income tax expense	($331)	($318)	($285)	($293)	($269)	($233)	($210)	($208)	($210)	($115)	($181)	($216)	($220)	($208)	($203)	($172)	($122)	($89)	($119)	($108)	($82)	($62)	($52)	($42)	($39)	($18)	($38)	($34)	($27)	($28)	($23)	($22)	($23)	$4	($22)	($14)	($19)	($22)	($21)	($24)	($18)	($27)
Net income	$1,576	$1,480	$1,376	$1,313	$1,160	$990	$872	$861	$778	$681	$512	$591	$584	$517	$459	$384	$284	$206	$247	$228	$182	$136	$109	$88	$84	$66	$69	$61	$42	$50	$51	$52	$31	($7)	$44	$38	$37	$38	$30	$41	$37	$35
Per share
Diluted EPS (GAAP)	$6.84	$6.40	$5.93	$5.67	$5.01	$4.25	$3.77	$3.75	$3.34	$2.94	$2.19	$2.45	$2.37	$2.10	$1.88	$1.58	$1.18	$0.8467	$1.02	$0.9422	$0.76	$0.57	$0.47	$0.37	$0.37	$0.29	$0.31	$0.27	$0.18	$0.22	$0.23	$0.23	$0.11	($0.0252)	$0.15	$0.13	$0.13	$0.13	$0.10	$0.14	$0.12	$0.12
Basic EPS (GAAP)	$6.87	$6.42	$5.95	$5.70	$5.04	$4.29	$3.80	$3.78	$3.37	$2.96	$2.20	$2.46	$2.39	$2.12	$1.90	$1.60	$1.19	$0.8533	$1.03	$0.9556	$0.77	$0.58	$0.48	$0.38	$0.38	$0.30	$0.32	$0.28	$0.19	$0.23	$0.23	$0.23	$0.11	($0.0252)	$0.15	$0.13	$0.13	$0.13	$0.10	$0.14	$0.12	$0.12
Basic shares outstanding	230	230	231	231	230	231	229	228	231	230	233	240	245	244	242	240	239	240	239	238	236	233	229	224	222	222	217	218	221	222	220	226	283	290	297	295	296	297	294	296	298	294
Margins
Gross margin	36.4%	36.0%	35.7%	36.1%	34.9%	34.5%	34.0%	34.7%	34.2%	33.7%	32.9%	35.9%	35.4%	35.3%	35.4%	34.6%	33.3%	31.6%	31.6%	32.4%	31.2%	30.9%	29.7%	28.0%	27.5%	23.7%	26.8%	25.7%	24.2%	22.6%	22.5%	22.9%	24.2%	21.6%	25.2%	24.7%	25.9%	25.8%	26.6%	26.0%	24.3%	26.8%
Operating margin	25.9%	25.8%	25.6%	25.9%	24.4%	23.6%	22.6%	22.8%	22.2%	21.0%	20.6%	22.8%	22.3%	22.7%	22.4%	21.3%	19.5%	17.4%	17.1%	18.1%	17.0%	16.3%	15.5%	14.4%	14.3%	10.7%	13.3%	12.8%	11.3%	10.8%	10.3%	10.1%	9.8%	0.0%	10.3%	9.3%	10.3%	10.2%	10.3%	10.6%	7.6%	11.3%
Net margin	20.0%	20.0%	19.8%	19.9%	18.9%	17.9%	19.2%	16.7%	16.1%	15.8%	13.3%	14.9%	14.5%	14.4%	13.8%	12.9%	11.5%	9.8%	9.8%	10.7%	10.0%	9.5%	8.8%	8.0%	8.0%	6.5%	6.7%	6.6%	4.5%	5.9%	6.4%	6.7%	3.8%	(1.0%)	5.8%	5.3%	5.6%	6.5%	5.9%	6.6%	6.4%	6.9%

Analyst consensus

Buy30 analysts

Bearish · 0 · Hold · 10 · Bullish · 20

Earnings history

	EPS	Estimate
Q3 2024	$1.66	$1.62	Beat
Q4 2024	$1.87	$1.85	Beat
Q1 2025	$1.75	$1.69	Beat
Q2 2025	$1.78	$1.69	Beat
Q3 2025	$1.89	$1.76	Beat
Q4 2025	$2.01	$1.94	Beat
Q1 2026	$1.97	$1.90	Beat
Q2 2026	$2.09	$1.99	Beat

Peers

Company overview

IPO dateJul 19, 1984

CEODavid A. Zapico

Employees22,500

SectorIndustrials

IndustryElectrical Equipment & Parts

CountryUS

ExchangeNew York Stock Exchange

Websitewww.ametek.com

AMETEK, Inc. is a global enterprise that develops and markets a diverse portfolio of electronic instruments and electromechanical devices. The company's operations are structured into two principal divisions: the Electronic Instruments Group (EIG) and the Electromechanical Group (EMG). The EIG segment provides sophisticated instrumentation solutions catering to various sectors, including process control, aerospace, power generation, and general industrial applications. It also delivers specialized process and analytical tools essential for industries such as oil and gas, petrochemicals, pharmaceuticals, semiconductors, automation, and food and beverage production. Furthermore, EIG supplies equipment for laboratory settings, ultra-precision manufacturing, medical diagnostics, and critical test and measurement tasks. Its offerings encompass power quality monitoring and metering devices, uninterruptible power supplies, programmable power equipment, electromagnetic compatibility testing apparatus, gas turbine components, environmental health and safety sensors, dashboard instruments for heavy vehicles, and specialized controls for food and beverage processing. For the aviation sector, EIG manufactures aircraft and engine sensors, monitoring systems, power units, fuel and fluid measurement systems, and data acquisition solutions. The EMG segment is known for its advanced engineered electrical connectors and protective electronics packaging, safeguarding sensitive and mission-critical components. It produces high-precision motion control products crucial for applications like data storage, medical devices, office equipment, and automated systems. This segment also manufactures specialized materials, including high-purity powdered metals, strips and foils, unique clad metals, and metal matrix composites. Additionally, EMG supplies motor-blower systems and heat exchangers for thermal regulation in military and commercial aircraft, and ground vehicles. It provides motors for diverse uses, such as commercial appliances, fitness machines, food and beverage processing equipment, hydraulic pumps, and industrial fans. A key service offered by EMG is its network of aviation maintenance, repair, and overhaul (MRO) facilities. Beyond these core segments, the company also offers communication solutions tailored for clinical and educational environments. Established in 1930, AMETEK, Inc. maintains its headquarters in Berwyn, Pennsylvania.

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